Gas

Mesa Royalty Trust Announces There Will Be No Distribution for January 2021

Tuesday, January 19, 2021 - 9:30pm

Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.

Key Points: 
  • Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.
  • The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Solaris Oilfield Infrastructure Issues Operational Update and Schedules Fourth Quarter and Full Year 2020 Results Conference Call

Tuesday, January 19, 2021 - 9:05pm

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (Solaris or the Company) announced today it expects its fully utilized proppant silo system count in the fourth quarter of 2020 to increase 20-25% from third quarter 2020.

Key Points: 
  • Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (Solaris or the Company) announced today it expects its fully utilized proppant silo system count in the fourth quarter of 2020 to increase 20-25% from third quarter 2020.
  • Activity in January is currently slightly higher than the fourth quarter average as activity remains strong.
  • Solaris will issue its fourth quarter and full year 2020 earnings release before the market opens on February 22, 2021.
  • To join the fourth quarter 2020 conference call from within the United States, participants may dial (844) 413-3978.

Phillips 66 Partners Declares Quarterly Cash Distribution

Tuesday, January 19, 2021 - 10:00pm

Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a fourth-quarter 2020 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis.

Key Points: 
  • Phillips 66 Partners LP (NYSE: PSXP) announces that the board of directors of its general partner declared a fourth-quarter 2020 cash distribution of $0.875 per common unit, or $3.50 per unit on an annualized basis.
  • Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets.
  • Accordingly, all of Phillips 66 Partners LPs distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
  • Nominees, and not Phillips 66 Partners LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

New Pressure Relief Valves Market Research Report 2021-2025 | Industry Planning Structure for the New Normal | Technavio

Tuesday, January 19, 2021 - 8:00pm

The new pressure relief valves market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

Key Points: 
  • The new pressure relief valves market research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
  • View the full release here: https://www.businesswire.com/news/home/20210119005773/en/
    Technavio has announced its latest market research report titled Global Pressure Relief Valves Market 2021-2025 (Graphic: Business Wire)
    Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the pressure relief valves market.
  • As the markets recover, Technavio expects the pressure relief valves market size to grow by USD 937.20 million during the period 2021-2025.
  • The growth in the chemical industry is one of the prime factors that will facilitate the pressure relief valves market growth in APAC over the forecast period.

Z Energy Upgrades Customer Experience With TNS’ Secure SD-WAN

Tuesday, January 19, 2021 - 5:45pm

Transaction Network Services (TNS) today announced a new partnership with Z Energy New Zealands leading fuel retailer to enhance their retail customer experience through TNS Secure SD-WAN, which leverages Fortinets Secure SD-WAN solution to combine industry-leading managed payment services with next-generation network security.

Key Points: 
  • Transaction Network Services (TNS) today announced a new partnership with Z Energy New Zealands leading fuel retailer to enhance their retail customer experience through TNS Secure SD-WAN, which leverages Fortinets Secure SD-WAN solution to combine industry-leading managed payment services with next-generation network security.
  • With the installation of TNS Secure SD-WAN at more than 500 fuel sites across New Zealand, Z Energy gains the ability to deploy new customer-focused features and functionalities with efficient, secure payments capabilities.
  • These features give Z Energy a payments infrastructure and network connectivity layer fit for the 21st-century customer experience, paving the way for future growth and business transformation.
  • Z Energy selected TNS following a competitive RFP process initiated after the fuel retailers previous network reached its end of life.

Outlook on the Barite Global Market to 2027 - Opportunity Analysis and Industry Forecast - ResearchAndMarkets.com

Tuesday, January 19, 2021 - 5:17pm

The "Barite Market by Form, Grade, Colour, Deposit Type, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Barite Market by Form, Grade, Colour, Deposit Type, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
  • The global barite market was valued at $1.4 billion in 2019, and is projected to reach $2.4 billion by 2027, growing at a CAGR of 7.3% from 2020 to 2027.
  • The barite market is mainly driven by its growing consumption in oil & gas drilling industry.
  • However, factors such as substitution of barite for other minerals are expected to hinder the growth of the barite market.

2020 Insights on the Energy Transition Strategies of Major Oil and Gas EPC Companies - Impact of COVID-19 - ResearchAndMarkets.com

Tuesday, January 19, 2021 - 4:20pm

The "Energy Transition Strategies of Major Oil and Gas EPC Companies" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Energy Transition Strategies of Major Oil and Gas EPC Companies" report has been added to ResearchAndMarkets.com's offering.
  • This transition is prompting oil and gas EPC companies to realign their businesses and capitalize on this emerging market segment.
  • Reviews preparedness of leading oil and gas EPC companies in the ongoing energy transition in the oil and gas industry.
  • Reviews preparedness of leading oil and gas EPC companies in the ongoing energy transition in the oil and gas industry.

Datagration™ Acquires Mosaic Petroleum Analytics to Expand the PetroVisor™ Platform

Tuesday, January 19, 2021 - 3:30pm

Datagration is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs.

Key Points: 
  • Datagration is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs.
  • The acquisition is the latest in a period of growth for Datagration to expand the capabilities of its PetroVisor platform.
  • With the PetroVisor Platform, companies can improve organizational and cross-domain workflows, automating technical and business processes, and mitigating risk, all on a unified platform.
  • We are very excited to be joining the Datagration team, exclaims George Voneiff, CEO of Mosaic Petroleum Analytics.

Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.

Tuesday, January 19, 2021 - 2:00pm

Dallas-based Energy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit).

Key Points: 
  • Dallas-based Energy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit).
  • The Seri Everest, the worlds largest VLEC, departed from Orbits newly constructed export facilities at Energy Transfers Nederland Terminal in Nederland, Texas, on Jan. 17, 2021, to complete its maiden voyage.
  • Energy Transfer (via Sunoco Logistics) was the first company to export ethane out of the U.S. by pipeline.
  • Energy Transfer was also the first to export ethane out of the U.S. via ship in March of 2016 from its Marcus Hook Terminal in Pennsylvania.

San Juan Basin Royalty Trust Declares Cash Distribution for January 2021

Tuesday, January 19, 2021 - 2:00pm

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $2,731,234.93 or $0.058599 per Unit, based primarily upon production during the month of November 2020, subject to certain adjustments by the owner of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.

Key Points: 
  • BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $2,731,234.93 or $0.058599 per Unit, based primarily upon production during the month of November 2020, subject to certain adjustments by the owner of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.
  • The distribution is payable February 12, 2021, to Unit Holders of record as of January 29, 2021.
  • Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 1,428,504 Mcf (1,587,227 MMBtu) for November 2020, as compared to 1,440,001 Mcf (1,600,001 MMBtu) for October 2020.
  • Hilcorp also reported that for the reporting month of November 2020, revenue included an estimated $100,000 for non-operated revenue.